ATMs

bitcoin ATM

Bitcoin ATMs rose by 87% to exceed 10,000 globally

Worldwide, the total number of Bitcoin ATMs has now passed 10,000. According to Norwegian financial services company AksjeBloggen, the number of Bitcoin ATMs (BTMs) has jumped from the 5336 recorded in September 2019 to 87% in the past year. There were almost 3,900 new ATMs added in 2020 alone. CoinATMRadar’s monitoring resource currently shows there are […]

German financial regulator takes action against first bitcoin atms

German Financial Watchdog Takes Action Against Company Allowing Buy/Sell Crypto at Bitcoin ATMs

The head of the financial regulatory department in Germany is stopping all the services & operations of a company named ‘KKT UG’ from Berlin that allows consumers to buy and sell cryptocurrencies at Bitcoin ATMs. Lack of Necessary Permissions Lead to this Stopping According to a statement released on 4th March, BaFin ordered Mr. Adam […]